S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7425
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                May 7, 2021
                                ___________
 
 Introduced by M. of A. ABBATE -- read once and referred to the Committee
   on Judiciary
 
 AN  ACT  to  amend  the  estates,  powers and trusts law, in relation to
   creating an alternative method to compromising an award issued by  the
   September 11th Victim Compensation Fund ("VCF")

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 5-4.6 of the estates,  powers  and  trusts  law  is
 amended by adding a new paragraph (g) to read as follows:
   (G)  IN THE CASE OF A RECOVERY OF AN AWARD FROM THE SEPTEMBER ELEVENTH
 VICTIM COMPENSATION FUND OF TWO THOUSAND  ONE  ESTABLISHED  PURSUANT  TO
 TITLE  IV OF THE FEDERAL AIR TRANSPORTATION SAFETY AND SYSTEM STABILIZA-
 TION ACT, PUBLIC LAW 107-42, AS AMENDED, WHERE THE AWARD CONSISTS SOLELY
 OF NON-ECONOMIC LOSSES (FUNERAL EXPENSE REIMBURSEMENT BEING INCLUDED  AS
 NON-ECONOMIC LOSSES HEREIN) A PERSONAL REPRESENTATIVE MAY FILE A CONSENT
 TO  THE  ADEQUACY  OF  THE  AWARD BY ALL INTERESTED PARTIES IN LIEU OF A
 COMPROMISE PROCEEDING.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11207-01-1